The fund’s objective is to provide capital growth over the longer term. The fund is actively managed and primarily invested in a variety of collective investment schemes that include UK and international equities as well as exposure to fixed income investments and alternative investments. The fund may also invest in transferable securities, money market instruments, exchange-traded funds, cash and cash deposits.

?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.

?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.

-

Beta

?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.

-

Sharpe

?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.

-

Volatility

?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.

-

Tracking error

?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.

-

Information ratio

?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.

-

R-Squared

?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.

-

Price movement

52 week high95

52 week low95

Current bid price95

Current offer price100

Current mid price-

Region

1

UK

31.34%

2

International

14.8%

3

North America

11.88%

4

Asia Pacific

10.67%

5

USA

8.14%

6

Not Specified

6.21%

7

Global Emerging Markets

4.77%

8

Europe ex UK

4.37%

9

Money Market

3.96%

Industry sector

No data available.

Asset type

1

UK Equities

25.54%

2

International Equities

16.37%

3

North American Equities

11.88%

4

Asia Pacific Equities

10.67%

5

US Small Cap Equities

8.14%

6

UK Small Cap Companies

4.94%

7

Global Emerging Market Equities

4.77%

8

Europe ex UK Equities

4.37%

9

Money Market

3.96%

Individual holdings

1

ISHARES MSCI WORLD ETF

9.04%

2

FIDELITY US INDEX TRACKER FUND

7.35%

3

SCHRODER ASIAN TOTAL RETURN FUND

6.55%

4

VANGUARD FTSE ALL SHARE TRACKER FUND

6.09%

5

R&M UK EQUITY SMALLER COMPANIES FUND

4.94%

6

FIRST STATE EMERGING MARKET LEADERS FUND

4.77%

7

TROJAN INCOME

4.67%

8

ROYAL BANK OF CANADA 0% ELN 24/01/2022

4.53%

9

LIONTRUST SPECIAL SITUATIONS

4.46%

Management

Fund manager group

LVFS

Fund manager company

LVFS Ltd

Fund type

Pension Fund

Fund objective

The fund’s objective is to provide capital growth over the longer term. The fund is actively managed and primarily invested in a variety of collective investment schemes that include UK and international equities as well as exposure to fixed income investments and alternative investments. The fund may also invest in transferable securities, money market instruments, exchange-traded funds, cash and cash deposits.

Benchmark

IA Flexible Investment

Investment style

Aggressive

Investment method

None

Fund manager

Name

Since

Biography

Jonathan Webster-Smith

01/07/2012

Jonathan joined Brooks Macdonald as a trainee investment manager in 2001, after graduating from the University of Southampton. He currently holds the position of Director, Head of Multi-Asset and is the lead manager of the Brooks Macdonald Managed Portfolio Service and Multi-Asset Fund range. He is also a member of our asset allocation committee. Jonathan is a chartered member of the Chartered Institute for Securities & Investment.

Compliance

No data available.

Domicile

No data available.

Fund for sale in

United Kingdom

LV= TM Levitas A Pn S2

Initial charge-

Annual charge0.65%

Min single investment£0

Min regular saving£0

Available in ISANo

Ongoing charge (OCF)-

Total expense ratio (TER)1.61%

Bid price95

Offer price100

Mid price-

CurrencyGBX

Price updated06/12/2016

TypeAccumulation

Institutional or retail classRetail

Domicile-

Citi codeKIOZ

Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.

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